Category Archives: HedgeCo News
SEC Charges College Official for Fraudulently Concealing Financial Troubles From Municipal Bond Investors
(HedgeCo.Net)The Securities and Exchange Commission has charged the former controller of a New York-based not-for-profit college with defrauding municipal securities investors by fraudulently concealing the college’s deteriorating finances. According to the SEC’s complaint, in recent years, the College of New […]
Investment Adviser Charged With Stealing Millions From Private Fund
(HedgeCo.Net) The Securities and Exchange Commission has revoked the registration of a Seattle area-based registered investment adviser and barred its principal from the securities industry for stealing money from a private fund the adviser managed. The remaining assets will be […]
SEC Awards $50 Million to Two Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission today announced awards totaling $50 million to two whistleblowers whose high-quality information assisted the agency in bringing a successful enforcement action. One whistleblower received an award of $37 million and the other received an […]
SEC Settles with Unregistered Public Shell Company Broker
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against recidivist James K. McKillop for acting as an unregistered broker and for failing to timely file required beneficial ownership forms in connection with his position at Tiber Creek Corp. The […]
SEC Charges Investment Adviser with Fraud and Takes Action to Preserve Investor Assets
(HedgeCo.Net) The Securities and Exchange Commission charged registered investment adviser Direct Lending Investments, LLC with a multi-year fraud that resulted in approximately $11 million in over-charges of management and performance fees to its private funds, as well as the inflation […]
Merrill Lynch to Pay Over $8 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign […]
JMP Group Sells 50.1 pct of JMP Credit Advisors to Medalist Partners
(HedgeCo.Net) JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced Friday that it has sold a 50.1% equity interest in JMP Credit Advisors LLC (“JMPCA”) to Medalist Partners LP, an alternative asset management firm specializing […]
Pension-backed Morgan Creek Digital Makes Strategic Investment in Ikigai Asset Management
(HedgeCo.Net) Morgan Creek Digital announced today that it will be the lead anchor investor in Ikigai Asset Management’s flagship fund focused on executing systematic and fundamental liquid hedge fund strategies as well as opportunistic venture-stage crypto asset investments. Ikigai is […]
Wedbush to Pay $250,000 to Settles Failure to Supervise Charge
(HedgeCo.Net) The Securities and Exchange Commission has announced that Wedbush Securities Inc. will pay a $250,000 penalty and has agreed to be censured to settle its failure to supervise charge in a pending administrative proceeding. According to the SEC’s March […]
Investment Adviser Charged with Stealing Millions from Investors to Perpetrate Ponzi Scheme
(HedgeCo.Net The Securities and Exchange Commission has charged a Long Beach, Calif. investment adviser with stealing millions of dollars from investors to perpetrate a Ponzi scheme. The SEC alleges that Carol Ann Pedersen, a former CPA and unregistered investment adviser, […]
SEC Halts $25-Million Ponzi Scheme Targeting Investors
(HedgeCo.Net) Fraud charges have been filed along with an asset freeze against the operators of a $25 million Ponzi scheme falsely promising high annual returns with minimal to no risk to investors in the Vietnamese community of Orange County, California. […]
Registered Investment Adviser and Former Chief Operating Officer Charged With Defrauding Client
(HedgeCo.Net) Talimco LLC, a registered investment adviser, and Grant Gardner Rogers, the former chief operating officer of the firm, have been charged with manipulating the auction of a commercial real estate asset on behalf of one client for the benefit […]